Lord & Richards Wealth Management LLC Makes New $273,000 Investment in Pool Corporation (NASDAQ:POOL)

Lord & Richards Wealth Management LLC purchased a new stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 858 shares of the specialty retailer's stock, valued at approximately $273,000.

Several other hedge funds have also modified their holdings of the company. Focus Partners Wealth raised its position in Pool by 907.2% during the 4th quarter. Focus Partners Wealth now owns 37,399 shares of the specialty retailer's stock worth $12,768,000 after buying an additional 33,686 shares during the last quarter. Amalgamated Bank grew its position in Pool by 3.1% during the first quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer's stock valued at $2,571,000 after buying an additional 246 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Pool by 12.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer's stock valued at $1,560,000 after buying an additional 559 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in shares of Pool in the first quarter worth about $921,000. Finally, Signal Advisors Wealth LLC boosted its stake in shares of Pool by 40.4% during the 1st quarter. Signal Advisors Wealth LLC now owns 3,383 shares of the specialty retailer's stock worth $1,077,000 after acquiring an additional 974 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on POOL. Robert W. Baird reduced their price target on Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Oppenheimer lowered their price target on Pool from $370.00 to $322.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company raised their target price on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Stifel Nicolaus set a $300.00 target price on Pool in a research report on Friday, April 25th. Finally, Stephens decreased their target price on Pool from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pool currently has a consensus rating of "Hold" and an average target price of $344.50.

Pool Stock Performance

Shares of Pool stock opened at $301.18 on Tuesday. The business's 50 day moving average price is $301.52 and its 200 day moving average price is $319.74. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.53 and a current ratio of 1.79. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 3.91 and a beta of 1.10. Pool Corporation has a one year low of $282.22 and a one year high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.10). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Pool had a return on equity of 30.11% and a net margin of 7.77%. Pool's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business earned $1.85 EPS. On average, research analysts predict that Pool Corporation will post 11.32 EPS for the current year.

Pool declared that its board has approved a stock buyback program on Wednesday, April 30th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a $1.25 dividend. This is an increase from Pool's previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a yield of 1.66%. The ex-dividend date was Thursday, May 15th. Pool's payout ratio is currently 46.90%.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.

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